Press release
Trend Expected to Guide Automotive Rubber Hoses market During 2017- 2027
Automotive Rubber Hoses Market Dynamics
The primary factor driving the growth of the automotive rubber hoses market is the ever increasing production of automobiles owing to changing lifestyle of customers, increase in disposable incomes and preference of having a personal vehicle. Automotive hoses made of synthetic materials such as heavy duty plastics and composites are slightly costlier than that of hoses made of rubber, prompting a shift towards the cheaper alternative by the customers, thus paving a way for the growth of the automotive rubber hoses market. The year on year strengthening of emission norms and regulations implemented by the Governments of various countries is also another key factor prompting the manufacturers to come up with solutions to build durable rubber hoses, further augmenting the growth of the market.
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Automotive Rubber Hoses Market: Segmentation
Automotive Rubber HosesMarket can be segmented mainly on the basis of vehicle type, application, sales channel and product type.
By vehicle type, the market can be segmented as:
Passenger cars
Light Commercial vehicles
Heavy Commercial vehicles
Special Purpose vehicles
Two Wheelers
By application, the market can be segmented as:
Turbocharger hoses
Engine Heating, cooling and radiator hoses
Air Conditioning hoses
Lubrication hoses
Transmission hoses
Brake hoses
Fuel hoses
By sales channel, the market can be segmented as:
Original Equipment Manufacturer (OEM)
Aftermarket
By product type, the market can be segmented as:
Non-reinforced rubber hoses
Metal-reinforced rubber hoses
Automotive Rubber Hoses Market: Regional Outlook
In North America region, the U.S. is expected to exhibit robust growth in the automotive rubber hoses market, followed by Canada, considering the flourishing automotive industry in the region. Asia Pacific region is on par with North America, exhibiting high potential for the market owing to growing vehicle production in China, India and Japan. Emerging countries in the Latin America region such as Mexico and Brazil create attractive opportunities for the automotive rubber hoses market as many well-known automobile manufacturers have set up their automotive plants in these countries. Resale of automobiles in Middle East and Africa is a popular trend in the region prompting a healthy sales of aftermarket automotive rubber hoses improving the market as far as the aftermarket segment is concerned.
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Automotive Rubber Hoses Market: Market Participants
Examples of some of the market participants identified in the Global Automotive Rubber Hoses market are Semperit AG Holding, Hutchinson SA, Nichirin Co., Ltd., Imperial Auto Industries Limited, Marugo Rubber , dustries,Ltd., Cooper-Standard Holdings Inc., Jayem Auto Industries Pvt. Ltd.
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